In recent trading, shares of Summit Midstream Partners LP have crossed above the average analyst 12-month target price of $22.00, changing hands for $22.05/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

Looking at the universe of stocks we cover at Dividend Channel, on 5/4/16, Summit Midstream Partners LP will trade ex-dividend, for its quarterly dividend of $0.575, payable on 5/13/16. As a percentage of SMLP's recent stock price of $20.90, this dividend works out to approximately 2.75%, so look for shares of Summit Midstream Partners LP to trade 2.75% lower — all else being equal — when SMLP shares open for trading on 5/4/16.

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Upgrades: AMT, CRHM, CXW, IR, ITG, NWN, PDEX, RDC, RTRX, VCO
Downgrades: BK, CEB, CSU, FGBI, GERN, MITT, RLH, SMLP, SMP
Initiations: AINC, IZEA
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Looking at the universe of stocks we cover at Dividend Channel, on 2/3/16, Summit Midstream Partners LP will trade ex-dividend, for its quarterly dividend of $0.575, payable on 2/12/16. As a percentage of SMLP's recent stock price of $18.12, this dividend works out to approximately 3.17%, so look for shares of Summit Midstream Partners LP to trade 3.17% lower — all else being equal — when SMLP shares open for trading on 2/3/16.